DBM sets aside P238 billion for oil crisis responseThe facade of the Department of Budget and Management building in Manila. “As far as our response to this crisis is concerned, we have around P238 billion from available appropriations – from the 2026 GAA (General Appropriations Act), and both automatic and continuing appropriations,” Toledo said. Among the initial measures already underway are P2.5 billion in fuel subsidies for transport operators and an additional P1 billion for service contracting. “In times like this, targeted subsidies are the most prudent approach – ensuring that limited resources reach those who need them most, without compromising fiscal stability,” he said. These measures are expected to generate savings ranging from P12.8 billion to P25.6 billion from March to December 2026, depending on the level of compliance across agencies.

Source: Philippine Star April 10, 2026 16:09 UTC